KBR (NYSE:KBR) Updates FY24 Earnings Guidance

KBR (NYSE:KBR - Get Free Report) updated its FY24 earnings guidance on Tuesday. The company provided EPS guidance of $3.10-$3.30 for the period, compared to the consensus EPS estimate of $3.21. The company issued revenue guidance of $7.40-$7.70 billion, compared to the consensus revenue estimate of $7.52 billion. KBR also updated its FY 2024 guidance to 3.100-3.300 EPS.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on KBR. KeyCorp upped their price target on shares of KBR from $63.00 to $65.00 and gave the stock an overweight rating in a report on Wednesday, February 21st. Citigroup upped their price target on shares of KBR from $66.00 to $72.00 and gave the stock a buy rating in a report on Monday, April 22nd. UBS Group decreased their price objective on KBR from $65.00 to $63.00 and set a buy rating for the company in a report on Friday, February 2nd. Truist Financial increased their price objective on KBR from $72.00 to $90.00 and gave the company a buy rating in a report on Tuesday, April 9th. Finally, Stifel Nicolaus increased their price objective on KBR from $80.00 to $83.00 and gave the company a buy rating in a report on Tuesday, April 23rd. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of Buy and an average target price of $73.43.

KBR Trading Down 1.6 %

KBR stock traded down $1.06 during trading hours on Tuesday, reaching $64.94. 1,908,885 shares of the company's stock were exchanged, compared to its average volume of 1,313,966. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.29. The firm's 50 day simple moving average is $62.01 and its 200 day simple moving average is $56.92. KBR has a twelve month low of $49.37 and a twelve month high of $66.60. The firm has a market capitalization of $8.74 billion, a PE ratio of -31.68, a PEG ratio of 1.38 and a beta of 0.95.

KBR (NYSE:KBR - Get Free Report) last issued its quarterly earnings results on Tuesday, February 20th. The construction company reported $0.69 earnings per share for the quarter, hitting analysts' consensus estimates of $0.69. KBR had a positive return on equity of 25.08% and a negative net margin of 3.81%. The firm had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.78 billion. During the same period last year, the business posted $0.69 EPS. The business's revenue was up 7.6% compared to the same quarter last year. Research analysts predict that KBR will post 3.19 earnings per share for the current year.

KBR Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 15th were issued a dividend of $0.15 per share. This is an increase from KBR's previous quarterly dividend of $0.14. This represents a $0.60 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date was Thursday, March 14th. KBR's dividend payout ratio (DPR) is presently -29.27%.

Insider Transactions at KBR

In other news, EVP Jennifer Myles sold 8,000 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $58.95, for a total transaction of $471,600.00. Following the transaction, the executive vice president now owns 38,524 shares of the company's stock, valued at approximately $2,270,989.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.08% of the company's stock.

About KBR

KBR, Inc provides scientific, technology, and engineering solutions to governments and commercial customers worldwide. It operates through Government Solutions and Sustainable Technology Solutions segments. The Government Solutions segment offers life-cycle support solutions to defense, intelligence, space, aviation, and other programs and missions for military and other government agencies in the United States, the United Kingdom, and Australia.